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dweller

(23,610 posts)

1. You fill out a tax form W-4V

Reply to Progressive Jones (Original post)

Wed Dec 8, 2021, 12:46 AM

Dec 2021

and you choose what % tax you want withheld …
7%, 10%, 12% or 22% , or you can have no tax taken out

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I'm getting near "that age". What can someone tell me about how Social Security is taxed? [View all] Progressive Jones Dec 2021 OP

You fill out a tax form W-4V dweller Dec 2021 #1

Depends if you want to stop. OAITW r.2.0 Dec 2021 #2

Same as any other income MichMan Dec 2021 #3

I'll be 67 or 68 when I retire. nt Progressive Jones Dec 2021 #4

No limit on earnings then MichMan Dec 2021 #5

For Feds, it depends on how much you make from other sources. Hoyt Dec 2021 #6

Pa. does not tax retirement income, including pensions. gab13by13 Dec 2021 #9

Thanks for the replies! nt Progressive Jones Dec 2021 #7

Depending on your taxable income, gab13by13 Dec 2021 #8

Try a Social Security taxes calculator progree Dec 2021 #10

This the correct answer to the original question regarding federal taxes. honest.abe Dec 2021 #11

37 states don't tax S.S. benefits progree Dec 2021 #12

Surprising California does not given its reputation for high taxes. honest.abe Dec 2021 #13

Some states tax Social Security. Just Google it and you will find which states and how much. marie999 Dec 2021 #14

I guess I'll find out some day DFW Dec 2021 #15

Your benefit increases 8% for each year you delay UP TO AGE 70, *BUT* progree Dec 2021 #16

I turn 70 next year DFW Dec 2021 #20

I think you have to start the process about 4 months earlier, otherwise you will miss out on some progree Dec 2021 #26

OK thanks for that DFW Dec 2021 #27

Yes, I know you're a very busy person, I read your posts with great interest. Good luck 👍 progree Dec 2021 #28

Sometimes, I wish I were less busy DFW Dec 2021 #30

At 69 you can collect now and keep working with no deductions for income. honest.abe Dec 2021 #17

Thanks for the info. I really had no idea DFW Dec 2021 #18

you can submit it all online. honest.abe Dec 2021 #19

Alas, my situation is anything BUT typical DFW Dec 2021 #21

Yeah, that might be a bit more complicated! honest.abe Dec 2021 #22

It was more complicated, you're right. DFW Dec 2021 #32

Not surprised. You probably need to call but be prepared to wait a loooong time to get through. honest.abe Dec 2021 #33

I'm 62 and my friends all say NOT to wait to start collecting Beaverhausen Dec 2021 #23

I took mine at 62 phylny Dec 2021 #29

Depends on other income jonstl08 Dec 2021 #24

Let us remember edhopper Dec 2021 #25

Link to IRS information Deminpenn Dec 2021 #31

Thank You All For Your Input! Have a great weekend! nt Progressive Jones Dec 2021 #34

BTW, we have a Seniors group... Wounded Bear Dec 2021 #35